Monday, January 25, 2010
Banks' annuity fee income rose, FA sales fell in "09 3Q
Fee income from annuity sales climbed at bank holding companies during the first three quarters of 2009, but sales of fixed annuities in the bank channel slipped, according to two separate studies released last week.
Fee income from the sale of fixed and variable annuities rose to $2 billion through the first nine months of 2009, a gain of 2.5% from the comparable period in 2009. Commissions from the sale of those annuities also leapt in the third quarter, rising to $669.8 million and reflecting a gain of 4% from the year-ago period...
Investment News: Banks' annuity fee income rose, FA sales fell in "09 3Q
Fee income from the sale of fixed and variable annuities rose to $2 billion through the first nine months of 2009, a gain of 2.5% from the comparable period in 2009. Commissions from the sale of those annuities also leapt in the third quarter, rising to $669.8 million and reflecting a gain of 4% from the year-ago period...
Investment News: Banks' annuity fee income rose, FA sales fell in "09 3Q
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